StorageVault to Acquire Six Assets for $71.8 Million, Exceeding $200 Million Completed and Announced Transactions for 2025

Executive Summary

• StorageVault Canada Inc. announced agreements to acquire six storage assets from five vendor groups for a total purchase price of $71.8 million, with closing expected in Q1 2026.
• The deal includes a related‑party transaction with Access Self Storage Inc., where up to $2.0 million may be paid in StorageVault common shares at a price equal to the greater of $5.87 per share or the 10‑day VWAP prior to closing.
• Combined with previously completed acquisitions totaling $132.6 million, the total announced and closed transactions now exceed $200 million, significantly expanding StorageVault’s footprint across British Columbia, Alberta, Ontario, and Quebec.

Key Details

• Aggregate Purchase Price: $71.8 million (subject to customary adjustments).
• Payment Structure: Existing cash funds, first‑mortgage financing, and optional share consideration (up to $2.0 million in common shares).
• Share Pricing Formula: Greater of $5.87 per share (based on consensus NAV) or the 10‑day VWAP preceding closing.
• Related Party Acquisition: Two stores valued at $42.0 million sold by Access Self Storage Inc.; qualifies as a related‑party transaction under MI 61‑101.
• Closing Timeline: Anticipated in Q1 2026, subject to satisfactory due diligence, first‑mortgage commitments, environmental assessments, and other customary closing conditions.
• Geographic Coverage: Assets located in British Columbia, Alberta, Ontario, and Quebec; complementary to existing portfolio of 265 locations (232 owned).
• Total Transaction Activity to Date: $132.6 million of completed acquisitions + $71.8 million announced = >$200 million in total transactions.
• Exemption from MI 61‑101 Requirements: StorageVault will rely on exemptions for the related‑party transaction, as the purchase price does not exceed 25 % of market capitalization.
• No Change of Control: The acquisitions will not create new insiders nor result in a change of control.

Notable Quotes

(None provided in the release.)